Done Deals: Temple Terrace Apartments sell for $18K per foot

Brookside Apartments in Temple Terrace has sold for $6.5 million. The price reflects $18,362 per unit and $20.33 per square foot.

Tampa-based Brookside Apartments LLC bought the 354-unit property in May 2007 for $17,750,000.

The 40-year-old apartment community, 5008 Sierra Place, has been in bankruptcy for four years and was being managed by Franklin Street Real Estate Services, which brokered the sale to Miami-based Riverside Palms LLC.

The apartment community consists of 42 two and three-story buildings on 14.6 acres less than two miles from the University of South Florida and Busch Gardens.

Half-built townhomes go for $2.5 million

Cityview Townhomes, a partially built townhome community situated on 11.8 acres in the Palm River section of East Tampa, has sold for $2.5 million.

Thonotosassa-based non-profit New Life Village bought the property at 4926 Lake Venice Ave. and “will soon be realizing its mission to provide housing to foster children and low-income seniors who will serve as surrogate grandparents,” broker Marcus & Millichap Real Estate Investment Services said in a release.

Eagle FL V SPA LLC of North Carolina and PAB Landings LLC of Deleware previously owned the property, which had been in foreclosure.

Cityview Townhomes was originally planned as a for-sale townhome community. Construction stopped in 2006 after delivery of the clubhouse, pool and four residential buildings.

Storage facility boom in Clearwater

Belleair Storage II of Clearwater LLC bought the 19,960-square-foot facility of two storage buildings at 1115 Kingsley St. in Clearwater for $220,000. Richard Harrison Trust, represented by Marty Slavney of Klein & Heuchan, Inc. sold the property.

Plans call for modernizing the buildings to store high performance automobiles.